23_Top Corporation acquired 100% of Sun Corporations common stock on December 31,2019. Balance sheet data for the two companies immediately following the acquisition

TOP SUN

Cash $ 49,000 $ 30,000

Accounts Receivable 110,000 45,000

Inventory 130,000 70,000

Land 80,000 25,000

Buildings & Equipment 277,000 235,000

Investment in Sun Corporation 198,000

Total Assets $844,000 $405,000

Accounts Payable $ 61,500 $ 28,000

Taxes Payable 95,000 37,000

Bonds Payable 280,000 200,000

Common Stock 150,000 50,000

Retained Earnings 257,500 90,000

Total $844,000 $405,000

At the date of the business combination, the book values of Suns net assets and liabilities approximated fair value except for land, which had a fair value of $45,000 . what is the goodwill total that should appear in the consolidated balance sheet prepared immediately after the business combination?

Select one: a. 58,000 b. 43,000 c. 23,000 d. 38,000 24_X Corporation acquired 80 percent of Y Corporations outstanding capital stock for $430,000 cash. Immediately before the purchase, the balance sheets of both

corporations reported the following:

XCO Y CO

Assets $2,000,000 $750,000

Liabilities $ 750,000 $400,000

Common Stock 1,000,000 310,000

Retained Earnings 250,000 40,000

Liabilities & Stockholders Equity $2,000,000 $750,000

At the date of purchase, the fair value of Y assets was $50,000 less than the Book value amounts. In the consolidated balance sheet prepared immediately after the purchase,the goodwill should amount to

Select one: a. 137,500 b. 237,500 c. 130,000 d. 30,000 25_on 1/1/2019 X CO acquired 80% of Y common stock for $150,000 in the same day the y net assets was $ 140,000 ,in the same date the fair value of assets and liabilities were equal .year ended 31/12/2019 y reported income $50,000 , declared dividend $30,000 , X using cost methods what is investment balance on 31/12/2019

Select one: a. 200,000 b. 166,000 c. 177,000 d. 150,000